Car Loan

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Overview

Car Loan: Drive Your Dreams

At PJ MONEY POWER, we understand the excitement of owning a car. Our Car Loan solutions provide the financial support you need to purchase your dream vehicle with ease. With competitive interest rates, flexible repayment options, and a fast approval process, we make car financing simple and stress-free.

Whether you are buying a new or used car, PJ MONEY POWER offers personalized loan plans tailored to your needs. Choose us to finance your next vehicle and hit the road in style!

Car Loan Details

  • Loan Type: Car Loan
  • Security: Vehicle to be purchased
  • Interest Rate: Starting from 9%*
  • Loan Tenure: Up to 7 years
  • Loan Amount: Up to ₹50 Lakhs
  • Loan Feature: New and used car financing

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Documents Required for Car Loans

To ensure the smooth processing of your car loan, please have the following documents ready:

  • KYCs (PAN / AADHAR)
  • Income Proof (Salary Slips or IT Returns)
  • Bank Statements (Last 6 months)
  • Car Proforma Invoice

Our Lending Partners

ICICI Bank Federal Bank SBI Canara Bank Yes Bank Kotak Mahindra Bank IDFC First Bank Karur Vysya Bank Indian Overseas Bank HDFC Bank

Car Loan FAQs

Frequently Asked Questions

A:Generally, salaried individuals, self-employed professionals, and business owners are eligible for car loans. Eligibility factors include age (typically 21-65 years), minimum monthly income (depending on the Bank’s requirements), employment stability, and a satisfactory credit score. Additionally, the applicant should have a minimum of one year at their current residence and employer.

A: The common documents required include Identity proof (Aadhaar, PAN, passport), address proof, income proof (salary slips, bank statements, or income tax returns), employment or business proof, and vehicle details. Some Banks may also ask for recent photographs and a duly filled application form.

A:Most Banks finance up to 80%-100% of the car’s on-road price, depending on factors like the applicant’s income and credit history. Some lenders may even offer loans for additional costs like insurance, registration, or accessories. It’s advisable to check with the Bank for the exact percentage of financing they offer.

A: Documents typically required include KYC documents, income proof, bank statements, and the proforma invoice for the car.

A: Car loan tenures typically range from 1 to 7 years. A longer tenure results in lower monthly EMIs but increases the overall interest paid. Many lenders allow early repayment or loan foreclosure, but it may involve prepayment charges. Check with Bank to understand the foreclosure policy and any related fees.

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Contact

pjmoneypower@gmail.com

+91 99442 64799

About Us

PJ MONEY POWER is your trusted partner for all your financial needs. From personal to business loans, we offer a wide range of solutions to support your financial goals.

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